Adoboli’s defence closes its case
The defence case for the accused rogue trader, Kweku Adoboli, has closed
The trial of Kweku Adoboli, which is currently in its eighth week, is drawing to an end as the defence closed its case today.
Adoboli faces two charges of fraud and four of false accounting relating to trades that lost the bank $2.3 billion in 2011. He denies the charges.
During the re-examination of Adoboli by Paul Garlick, for the defence, Adoboli denied the prosecution's claim he was "relaxed"
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Risk management
Trading platforms evolve for a cross-asset market
As trading becomes increasingly cross-asset, platforms are evolving to deliver consistent workflows, connectivity, intelligence and end-to-end execution efficiency
Industry urges EU exchanges to solve equity post-trade frictions
Deutsche Bank, Goldman Sachs and JP Morgan join calls for mandatory cash CCP interoperability
US Treasury clearing: competition, choice and readiness move to the fore
US Treasury clearing mandates and market reforms are reshaping clearing models, risk transfer and market infrastructure ahead of key implementation milestones
Barclays built a system to spot AI agents that might go rogue
Research setup ‘reads the mind’ of LLM-based agents and flags if they’re about to do something risky
Op risk data: EFG takes a bath for two decades of money laundering
Also: Deepfake voice clone cons Intesa division; key couple of cryptocurrency hacks. Data by ORX News
Managing risk to accelerate agentic AI value creation
Banks can accelerate agentic AI adoption by aligning each use case’s risks, controls and capabilities, enabling safe, accountable and value-driven deployment
One legal entity. Multiple IDs. Three business risks.
How fragmented entity IDs undermine risk, compliance and revenue decisions
An agentic bank? Not so fast
With no clear definition or way to gauge ROI, claims of AI adoption should be taken with a pinch of salt
